Walmart and Amazon Are Going Hard After This Huge Opportunity
The online grocery market in India has taken off since last year's coronavirus-led lockdown. Consulting firm RedSeer estimates that online grocery sales jumped 60% in 2020 as consumers switched to the online channel during the strict lockdown. The good news is that many of those consumers are expected to stick to online grocery purchases in 2021.
RedSeer predicts that online grocery sales could jump between 41% and 49% in the first half of the year. Not surprisingly, the likes of Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) have been stepping up their game to corner a bigger slice of this market and prevent local rival JioMart from dominating India's online grocery space. Let's see how.
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Source Fool.com
